2023 ARS to GHS Historical Review

YEARLY HIGH

0.0678 GHS

YEARLY LOW

0.0148 GHS

YEARLY AVERAGE

0.0448 GHS

2023 ARS to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ARS to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 0.0678. Conversely, the yearly low was recorded on December 31, dropping to 0.0148.

This high-to-low spread represents a total annual volatility of 0.0531 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0628 to the December average rate of 0.0220, the exchange rate registered a net change of -64.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0678 was down 24.92% compared to the 2022 peak of 0.0904, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ARS based on timing:

Yearly Peak High 339 GHS

2022 Average 341 GHS

Yearly Trough Low 74 GHS

Transaction Impact: A difference of 265.26 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0694

0.0177

JanuMarcMayJulySeptNove

ARS to GHS Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0562, compared to 0.0334 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0227 points.

H1 Avg (Jan–Jun) 0.0562

H2 Avg (Jul–Dec) 0.0334

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0206 GHS (High: 0.0678 / Low: 0.0472). On the other end, September was the most stable month, with a tight range of 0.0006 GHS (High: 0.0332 / Low: 0.0326).

January Spread (Volatile) ±0.0206

September Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0118 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0118

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0628) against the same month in 2022 (average: 0.0598), the exchange rate shifted by +0.0030 (+5.00%).

2023 Avg (January) 0.0628

2022 Avg (January) 0.0598

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0678	0.0472	0.0628
February	0.0661	0.0638	0.0651
March	0.0647	0.0559	0.0609
April	0.0559	0.0508	0.0532
May	0.0531	0.0458	0.0493
June	0.0469	0.0445	0.0456
July	0.0446	0.0414	0.0430
August	0.0410	0.0320	0.0355
September	0.0332	0.0326	0.0328
October	0.0340	0.0330	0.0336
November	0.0342	0.0333	0.0338
December	0.0333	0.0148	0.0220